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2023
Exports $6.64MWorld Rnk 17 / 132
Flag Rnk 922 / 1216
2023
Destination $544k Italy
2022 - 2023
FASTEST GROWING MARKET $544kNetherlands
2023
PRODUCT COMPLEXITY IN Photo Lab Equipment1.85Rnk 9 / 1025
2023
Imports $6.75MWorld Rnk 24 / 206
Flag Rnk 967 / 1213
2023
Origin $1.27M China
2022 - 2023
FASTEST GROWING ORIGIN $1.27MChina
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $6.64M in Photo Lab Equipment, making it the 17th largest exporter of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 922nd most exported product in Belgium. The main destination of Photo Lab Equipment exports from Belgium are: Italy ($1.82M), Netherlands ($1.07M), France ($678k), China ($505k), and Malaysia ($419k).

The fastest growing export markets for Photo Lab Equipment of Belgium between 2022 and 2023 were Netherlands ($544k), Malaysia ($418k), and Guatemala ($298k).

Imports In 2023, Belgium imported $6.75M in Photo Lab Equipment, becoming the 24th largest importer of Photo Lab Equipment in the world. At the same year, Photo Lab Equipment was the 967th most imported product in Belgium. Belgium imports Photo Lab Equipment primarily from: China ($2.01M), Netherlands ($1.47M), France ($693k), Canada ($626k), and Denmark ($506k).

The fastest growing import markets in Photo Lab Equipment for Belgium between 2022 and 2023 were China ($1.27M), Canada ($512k), and Denmark ($352k).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Photo Lab Equipment exports accounted up to €170k and imports accounted up to €428k, resulting in a negative trade balance of €257k. Between November 2023 and November 2024 the exports of Belgium's   Photo Lab Equipment have increased by €41.8k (32.5%) from €129k to €170k, while imports decreased by €-258k (-37.6%) from €685k to €428k.

Destinations In November 2024, Photo Lab Equipment were exported mostly to Germany (€28k), Turkey (€26.7k), India (€26.2k), Netherlands (€24.4k), and France (€21.6k), and were imported mostly from Denmark (€201k), Netherlands (€95.2k), Canada (€45.8k), France (€20.3k), and China (€18.5k).

Growth In November 2024, the increase in Photo Lab Equipment's year-by-year exports was explained primarily by an increase in exports to Italy (€330k or 33M%), Netherlands (€35.9k or 149%), and France (€29.5k or 184%). In November 2024, the decrease in Photo Lab Equipment's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-10.5k or -9.74%), United Arab Emirates (€-9.32k or -79.7%), and Austria (€-3.96k or -43.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€41.8k(32.5%)
IMPORT GROWTH (November 2023 - November 2024)€-258k(-37.6%)
MAIN DESTINATION (November 2024)Germany€28k

This section shows Photo Lab Equipment's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Photo Lab Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.64M
IMPORTS (2023)$6.75M
NET TRADE (2023)-$110k

In 2023, Belgium exported $6.64M in Photo Lab Equipment. The main destinations of Belgium exports on Photo Lab Equipment were Italy ($1.82M), Netherlands ($1.07M), France ($678k), China ($505k), and Malaysia ($419k).

In 2023, Belgium imported $6.75M in Photo Lab Equipment, mainly from China ($2.01M), Netherlands ($1.47M), France ($693k), Canada ($626k), and Denmark ($506k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Photo Lab Equipment EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$544k (104%)
Malaysia$418k (27.3k%)
Guatemala$298k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photo Lab Equipment BY Belgium WERE (2022 - 2023):
Italy-$1.92M (-51.4%)
India-$291k (-83.7%)
France-$247k (-26.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Photo Lab Equipment were:
Japan $244M
China $156M
United States $56.2M
In 2023, Belgium's main importing competitors in Photo Lab Equipment were:
China $192M
Chinese Taipei $73.2M
United States $67.8M

Explore Visualizations

Trade Value of Photo Lab Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $450k
TOP IMPORT POTENTIALGermany+ $344k

Photo Lab Equipment’s highest export potential is China. With an export gap of $450k.   Photo Lab Equipment’s highest import potential is Germany with an import gap of $344k.

See methodology.

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